Question

1. Ascertain the missing information on the basis of accounting equation (Assets - Liabilities -
Capital) :
(1) Assets * 20,000 Liabilities 78,000 Capital ?
(ii) Assets * 35,000, Liabilities ? Capital 20,000.
(ii) Assets ? Liabilities * 10,000 Capital 20,000.​

Answer 1

Answer:

1) assets = libilities +capital

20000=78000_capital

capital =78000_20000

capital =58000.

2)asset = libilities + capital

35000=libilities + 20000

35000_20000 = libilities

15000 = libilities.

3) assets= libilities + capital

assets = 10000 + 20000

assets= 30000